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BlackRock closes reorganisation of two New Jersey Muniicpal closed end funds

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BlackRock has completed the reorganisation of the BlackRock MuniYield New Jersey Quality Fund (MJI) into the BlackRock MuniHoldings New Jersey Quality Fund (MUJ).

In the reorganisation, common shareholders of MJI received an amount of MUJ common shares equal to the aggregate net asset value of their holdings of MJI common shares as determined at the close of business on April 10, 2015. Fractional MUJ shares were not issued in the reorganisation and consequently cash will be distributed for any such fractional amounts.
 
In addition, MJI preferred shareholders will receive on a one-for-one basis MUJ preferred shares in an amount equal to the aggregate preferred share liquidation preference held by MJI preferred shareholders immediately prior to the reorganisation.

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